food – Bitfinance

Venezuelan government guarantees 100 % food supply

Marilin Pino — Fri, 19 Jun 2026 19:00:27 +0000

The Vice Minister of Marketing and Food Production, Francisco Fonseca, recently stated that Venezuela currently has a 100% food supply.

According to the official, supermarket shelves are fully stocked, offering greater availability of products and brands in the national market.

Fonseca stated: “Today we can speak of 100 % shelf supply,” the official maintained, attributing this situation to policies implemented by the National Council for Productive Economy.

The Vice Minister highlighted the effectiveness of state-run food distribution programs such as the Sovereign Field Fairs, the Mercal stores, and the network of the Venezuelan Food Production and Distribution Company (PDVAL).

According to Fonseca, the country currently has sufficient capacity to supply the domestic market with animal protein and also projects exports to neighboring countries. “Venezuela has the capacity to export all its animal protein to neighboring countries because we already have a significant market supply,” he added.

He noted that “domestic chicken production closed 2015 at 294,000 tons, while the goal for this year is to reach 330,000 tons, according to the balance of the first five months.”

M.Pino

Source: elpublicotv

(Reference image source: FitNish Media on Unsplash)

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Prices increased 71.8 % in the first quarter of 2026

Marilin Pino — Mon, 13 Apr 2026 19:00:13 +0000

The Central Bank of Venezuela’s report on the price increase for the first quarter of the year places the indicator at 71.8 %.

According to the official figures published on Thursday, April 9, by the BCV on its website, “prices increased 13.1 % in March, while in February inflation was 14.6% and in January 32.6 %.”

In detail, the transportation sector saw the largest increase last month, with a rise of 15.6 %. Next are: housing services, excluding telephone (15 %), recreation and culture (14.5 %), household equipment, and restaurants and hotels (13.3 %).

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Regarding food and non-alcoholic beverages, key sectors for the population’s quality of life, prices registered a 12.6 % increase.

According to the regulatory body, “Venezuela has accumulated twelve months with double-digit inflation rates, with January’s being the highest in that period, as well as the highest in exactly three years.”

One of the main causes for the price increase is the rise in the dollar exchange rate. “The price of the dollar on the official market went from 301.37 to 473.87 bolivars in the first quarter of the year, an increase of 57.2 %, which also represents a 36.4 % devaluation of the Venezuelan currency, the bolivar, against the US dollar.”

On the other hand, the monthly minimum wage has been 130 bolivars since March 2022, and it faces constant erosion due to inflation and devaluation.

M.Pino

Source: alnavio

(Reference image source: Chau Le on Unsplash)

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Mexico’s annual inflation rate in September was 3.76 %

Marilin Pino — Thu, 23 Oct 2025 20:00:26 +0000

Inflation in Mexico showed a monthly variation of 0.23 % in September 2025. On the other hand, the annual rate was 3.76 %, according to data from the National Institute of Statistics and Geography (INEGI).

Regarding the National Consumer Price Index (INPC), the indicator reflected a moderation in inflationary pressures, triggering increases in the prices of “educational services, prepared foods, and housing, while agricultural and energy products showed declines.”

The core index, “which concentrates the goods and services whose prices respond most directly to market conditions, registered a monthly variation of 0.33 % and an annual increase of 4.28 %.”

In detail, merchandise prices increased 0.34 % and services prices, 0.32 %. The largest increases occurred in university tuition (1.82 %), primary education (5.98 %), and snack bars, restaurants, and taco stands (0.47 %). The non-core index, in contrast, decreased 0.10% monthly and showed an annual variation of 2.02 %. Prices for avocados (-11.34 %), potatoes (-6.82 %), eggs (-2.28 %), and LP gas (-0.67 %) helped contain headline inflation.

The minimum consumption basket, “which reflects the prices of essential goods and services, showed a monthly variation of 0.27 % and an annual variation of 3.74 %, moderating compared to the previous year.”

M.Pino

Source: finanzasdigital

(Reference image source: Marco Antonio Casique Reyes en Unsplash)

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Venezuela’s inflation in February was 12.8 %

Marilin Pino — Mon, 10 Mar 2025 20:00:32 +0000

The Venezuelan Finance Observatory (OVF) issued the report on the inflation rate for the month of February of this year, indicating that the monthly index was 12.8 %, while the annualized inflation reached 117 % and the accumulated inflation closed at 20.3 %.

In a note published on its website on March 5, the OVF stated: “These results coincide with what was reported in the Economic Expectations Survey for February, which anticipated an inflation rate between 100% and 120 %.”

The interpretation of this inflationary behavior is attributed to a coupling of the price indexes to the increase in the US dollar.

The organization noted that the items that showed the greatest increase in value were entertainment (21.2 %), equipment (17.8 %), restaurants and hotels (17.9 %), clothing and footwear (17.1 %) and food (13.3 %).

M.Pino

Source: finanzasdigital

(Reference image source: Marjan Blan on Unsplash)

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Brazil expects a 7 % increase in food production during 2025

Marilin Pino — Mon, 30 Dec 2024 18:00:08 +0000

The Brazilian Institute of Geography and Statistics (IBGE) expects that in 2025 the production of some foods in the country will increase by 7 %. The items mentioned in the study are oil seeds, cereals and legumes.

According to the local agency, the production of these foods will reach 314.8 million tons. Regarding the end of 2024, the IBGE indicates that “the harvest expected for this year will be carried out on 79.1 million hectares (1.6% more than in 2023)”; while for the year that is about to begin “plantations may increase by 0.8 %, to total 79.8 million hectares”.

The projections also foresee an increase in rice production, by 3.1 % to 10.6 million tons; wheat (8.1 million tons, with an increase of 5 %), soybeans with 12.9 % for 163.5 million tons; corn by 1.7 % to reach 117.5 million tons.

M.Pino

Source: xinhuanet

(Reference image source: Faruk Tokluoğlu for Unsplash+))

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Christmas fairs will offer products with discounts in Venezuela

Marilin Pino — Thu, 21 Nov 2024 16:00:19 +0000

The Vice President of Venezuela, Delcy Rodríguez, reported that 100 Christmas fairs have been set up throughout the country to offer products that include food, textiles, paints and gifts, with up to 30 % discount.

The fairs have been organized through a joint effort between the private sector, the State, organized popular power and entrepreneurs.

Among the supplies that consumers can now purchase are clothing and footwear as well as other textiles, gifts, paint and the ingredients for traditional hallacas, such as beef, chicken and pork, banana leaves, raisins, olives, among others.

The fairs allow citizens to save on the purchase of different items for the Christmas season in a festive atmosphere. Rodríguez emphasized that a high percentage of these products are of national production, which shows the country’s progress in economic matters.

M.Pino

With information from national media

(Reference image source: Yunus Tuğ for Unsplash+)

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Cost of the food basket in May reached USD 547.13

Marilin Pino — Mon, 24 Jun 2024 16:00:00 +0000

The Cendas-FVM data placed the price of the basic basket at USD 547.13 for the month of May and the basic basket, USD 1,163.12.

According to its director, Óscar Meza, the increase in the price of food affects the purchasing power of the population, with a minimum wage of less than $5 per month.

When comparing the value of the basic basket in May with respect to April, there was an increase of 0.9 %, which shows a trend of stability.

However, any increase affects the purchasing power of the population. “In the month of May, 167.59 minimum wages were required and 5.58 minimum wages were required daily.”

The Cendas-FVM pointed out that among the items that dropped in price are “fish and seafood (-0.2%); milk, cheese and eggs (-0.5%); fats and oils (-0.1%), fruits and vegetables (-3.3%), roots and tubers (-1.1%); grains (-1.7%); sugar and salt (-1.4%) sauce and mayonnaise (-1.3%) and coffee (-1.7%).” Cereals, on the other hand, as well as meat and derivatives did not drop in price.

The center estimates that the average personal expense would be “$400 to cover only food and health.”

M.Pino

Source: diarioelregionaldelzulia

(Reference image source: Unsplash+, in collaboration with Getty Images)

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Aruba Chamber of Commerce advocates opening the border with Venezuela

Marilin Pino — Fri, 21 Jun 2024 18:00:26 +0000

The president of the Aruba Chamber of Commerce and Industry, Diederik Kemmerling, raised the need to reopen the border with Venezuela with the aim of increasing commercial exchange, in addition to benefiting tourism.

According to the official, the main items that arrive to the island from Venezuela are food and construction materials. Opening the border would boost the economy of both territories by encouraging imports and exports.

In an interview with Crónicas del Caribe, Kemmerling noted: “The Chamber of Commerce and Industry of Aruba wants to open the border with Venezuela completely. This is very important for importing and exporting products, because right now the products in the supermarket are very expensive.”

According to data from the Central Statistics Office of Aruba, during the first four months of 2024, Venezuela was ranked fifth among exporters to the island. “In that period, 1,590 tons were imported, compared to 1,381 tons during the first three months of 2023,” said office states.

M.Pino

Source: elaragueno

(Reference image source: Louis Luna in Unsplash)

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January year-on-year inflation in Argentina was 254%

Krystian Tovar — Thu, 15 Feb 2024 16:30:23 +0000

According to the National Institute of Statistics and Censuses (Indec), the consumer price index (CPI) in Argentina registered an increase of 20.6% in January compared to December. Although this figure shows a slowdown compared to the 25.5% monthly rate observed in the last month of 2023.

The official report notes that goods experienced a positive increase of 21.1% during last month compared to December. On the other hand, services increased by 18.8%, representing 277.9% and 193% respectively on a year-on-year basis.

Inflation by sector:

Transportation: Up 26.3%, driven by increases in train, bus and fuel fares.
Communication: It registered an increase of 25.1%, mainly due to telephone and internet services.

As regards food and non-alcoholic beverages, prices rose by 20.4% compared to December and by 296.2% year-on-year.

During the year 2023, consumer prices accumulated an increase of 211.4%, marking the highest rate since the hyperinflation of 1989-1990 and significantly exceeding the 94.8% recorded in 2022.

The latest private forecasts, compiled monthly by the Central Bank, indicate that inflation will remain high in 2024, with monthly rates of at least 10% through May.

K. Tovar

Source: El País

(Reference image: @dataiFX, X)

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France will restrict the import of food treated with pesticides

Krystian Tovar — Sun, 04 Feb 2024 14:00:09 +0000

Prime Minister Gabriel Attal announced that France will implement a “safeguard clause” to ban the import of food from outside the European Union that has been treated with pesticides or plant protection products not authorized in Europe.

The initial measure will apply to the pesticide thiacloprid, which was banned due to its negative impact on bees. However, it is expected that this restriction will be extended to other products. France will also seek to ensure that the European Union adopts the same principle.

Attal’s announcement is part of a package of measures to support farmers. The decision seeks to address farmers’ complaints about the “unfair competition” they face due to imports that are not subject to the same health, environmental or labor standards they are required to meet.

K. Tovar

Source: Descifrado

(Reference image: Antony Choren at Unsplash)

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